SBA Loans for Other Electronic Component Manufacturing in Minnesota: Top Lenders
NAICS 334NAICS 334 covers other electronic component manufacturing businesses in Minnesota. Based on historical SBA 7(a) lending data.
Total Approvals
3
in Minnesota
Median Loan Size
$250,000
per approval
Recent Activity
0
last 90 days through Oct 2024
NAICS 334 covers other electronic component manufacturing businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $250,000.
Key trends & insights
- Other Electronic Component Manufacturing in Minnesota lending is concentrated — U.s. Bank, National Association, Drake Bank, Frandsen Bank AND Trust together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- U.s. Bank, National Association leads this industry with 1 approvals (33% market share) and a median loan of $100,000.
- SBA data for this industry goes through 2024-10-23 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Other Electronic Component Manufacturing in Minnesota
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $100,000 | |
| 2 | 1 | $1,925,000 | |
| 3 | 1 | $250,000 |
Recent SBA 7(a) approvals for Other Electronic Component Manufacturing in Minnesota
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-10 | Drake Bank | Dim*****Inc | Shakopee, MN | $1,925,000 |
| 2020-07 | U.S. Bank, National Association | The*****ate | MINNEAPOLIS, MN | $100,000 |
| 2020-06 | Frandsen Bank and Trust | Dan*****Inc | CANNON FALLS, MN | $250,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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